"I go to sell my car now I'm going to be out a lot of money," says Randolph resident, Merri Millman. More than $4,000 to be exact, all because another driver side-swiped Millman's parked car last March. "He said 'is this your car?' and I said yes, and he said, 'well I just hit it,'" recalled Millman. His insurance, Progressive, paid for the repairs to her car, fully fixing dents and scrapes along the side and bumper. The problem? Your car is ultimately repaired, but you still lose money. That's because a car's resale value takes a dent when it's hit. It's a little-known insurance payout called 'diminished value.' It amounts to compensation for the loss of your car's re-sale value, after someone else hits it. Merri's husband received a $2,000 diminished value claim recently. But when she asked Progressive Insurance to pay her cars diminished value?
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